IFC has helped the government of the Kyrgyz Republic develop an amendment to the country’s tax code that will help expand the leasing sector. This will help create jobs, stimulate growth, and bolster state tax revenues. The provision was signed into law in May 2008.
The law will benefit local businesses, particularly those in the agricultural sector. Implementing effective legislation will help increase foreign and local investments in the leasing sector and expand access to finance for small and medium enterprises. This will allow them to purchase the equipment they need to operate more efficiently.
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For more information contact:
Cholpon Kokumova
Phone: + 996 312 62628
E-mail: ckokumova@ifc.org
or
Ilya Sverdlov
Phone: +7 916 907-4059
E-mail: isverdlov@ifc.org
Published on June 2, 2008
